When you are reporting a sale or lease in Fusion and the selling agent is not a full RAHB member, please make sure you follow the steps outlined in RAHB’s MLS® policies, below.
SALES
When broker loading any sales where the selling salesperson is a non‐board broker, members will be required under Selling Agent 1 Code field to enter “NONMEM” and on the comment line “SOLD BY (NAME OF SELLING SALESPERSON) – (NAME OF SELLING BROKERAGE)”.
When you are reporting a lease, remember that:
Leases reported for the sold sheets must be on a per unit basis so that the listing and the lease price are reported in the same units. i.e., list price = $14.00 per square foot; lease price = $12.00 per square foot; the comments line of the sold sheet will give the breakdown and total volume for the lease.
*Note: Where the lease rate is on a per-month basis, you will enter the terms of the lease and the lease total in the “Selling Comments” field.
For example: the property leased for $1400/month and will be leased
for 1 year.
Enter: Leased for 1 yr @ $1400/month = $16,800
**Note: When the lease rate on a commercial listing is on a per-square foot basis, you will enter the terms of the lease and the lease total in the “Selling Comments” field.
For example: a 2000 square foot property is leased for $10/sqft for 1 year.
Enter: Leased 2000 sqft for 1 yr @ $10/sqft = $20,000. If the lease is for longer than one year and the lease rate will be adjusted each year, the breakdown will need to be entered.
As always, if you have any questions regarding reporting sales or leases, please call the MLS® Department at 905.667-.4650.